Europol: Bitcoin remains the favorite of criminals! 🚨

According to the latest Europol report, Bitcoin continues to lead among cryptocurrencies used by criminals. Despite the rise in popularity of privacy coins such as Monero, Bitcoin remains the asset of choice for extortion groups.

Criminals often convert Bitcoin into stablecoins to avoid market volatility. There has also been an increase in scams using cryptocurrencies, especially Tether on the Tron network due to low fees.

Europol is concerned about the approval of spot Bitcoin ETFs as it could open up new opportunities for scammers. At the same time, Monero is gaining popularity due to its privacy features.

Web3 and P2P technologies create favorable conditions for cybercrime, making such activities difficult to track and prosecute.